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by arca_vorago 4076 days ago
Not sure why you got downvoted with no reasoning, but you're right. I would bet my left testes that major money corps of the Three Sister Cities do the exact same thing but just make it less obvious and do it over longer periods of time. The whole things is rigged anyway, and the SEC is a joke.

Also, there are plenty of middle-men scapegoats to be sacrificed if the big boys get caught too. (see, gold manipulation scandal, libor, etc).

1 comments

I don't give a shit about getting downvoted and I'll keep speaking my mind. As to why I was downvoted, the mindless HN swarm here can't handle any dissidence and when it encounters any opposing view that contradicts with its worldview, it attacks and neutralizes its prey as soon as possible to avoid the mental anguish that comes with challenging their preconceptions of the world around it.
It's possibly because your original downvoted comment was a vague hit out at 'the man' castigating the establishment and placing this trader in the same bracket as Madoff.

It had no facts, no real argument, was unspecific, ad hominem and didn't advance the debate in any particular direction that was useful or informative.

Much like your second comment.

You could have pointed, for example, to the rise of HFT, and perhaps asked why this particular trader was being penalised unlike several larger HFT operations when he was front-running or pulling trades before they could be completed. (See Flash Boys by Michael Lewis). Then, chances are you might have been upvoted.

We can take dissonance. We just prefer it to be informative.

You're not wrong. I came for the tech, I stayed for the show.